Cases Test Changes To California's Competition Law

Law360, New York (August 4, 2006, 12:00 AM EDT) -- The California Supreme Court has answered some highly litigated questions about the state’s changes to the state’s Unfair Business Competition Law, which was amended in 2004 in an attempt to stymie frivolous lawsuits.

The changes limit who has the right to sue, permitting only individuals who have actually been injured by or suffered financial losses from an unfair business practice. Previously, anyone could file a suit claiming violation of the law.

In two related cases, the California Supreme Court found that Proposition 64 applies to cases...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.